The CFPB is proposing to rescind certain provisions of its 2017 final rule governing “Payday, Vehicle Title, and Certain High-Cost Installment Loans.” Specifically, the bureau is proposing to rescind the rule’s requirements that lenders make certain underwriting determinations before issuing payday, single-payment vehicle title, and longer-term balloon payment loans. Continue reading “CFPB releases notices of proposed rulemaking on payday lending”
The NCUA board unanimously approved a final rule allowing federally insured credit unions, under certain conditions, to accept private flood insurance policies in addition to the National Flood Insurance Program policies.
President Donald Trump intends to nominate Todd Harper to the NCUA board of directors. Harper, a Democrat, will serve the remainder of a six-year term expiring April 10, 2021. He will replace outgoing board member Rick Metsger, whose term expired in August 2017.
Continue reading “Todd Harper nominated to serve on NCUA board”
Registration is open for the 2019 State Governmental Affairs Conference, and attendees are encouraged to secure early lodging accommodations for the event, scheduled for April 15-16, at the Renaissance Albany Hotel in Albany.
New Yorkers will chair five important congressional committees during the 116th Congress. This marks the first time in modern history that the representatives from the state have held this many chairmanships at once.
Continue reading “New York well represented on House committees”
